On 'American Dream Home' on FOX Business Network, hosted by Cheryl Casone, one couple searches for a permanent vacation spot in Cocoa Beach, Florida.
It's just an hour east of Orlando — and prices there are still up about 20 percent over the last two years.
In this April 1, 2020, file photo, a"For Sale" sign stands in front of a home that is in the process of being sold.The average median listing price in April 2022 was $829,900. . And it looks like Wall Street is back in the game when it comes to Florida real estate.Reports indicate that investment funds backed by Goldman Sachs have sunk at least $45 million into an entire rental home community in Brevard County, where Cocoa Beach is located.
"Indeed, Florida is one of the states with the highest share of purchases by institutional investors," she said. "They buy homes and communities on a large scale and look to make profits from them, by turning them to rental properties.". They also invest in popular areas that attract new residents."